Wisconsin native, conservative critic of everything.
"Once abolish the God, and the government becomes the God." ---G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"Fallacies do not cease to be fallacies because they become fashions" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling

Wednesday, January 23, 2008

Recession? Not If You're an H1-B User

Not only is "Compete America" looking for 300,000 extra H1-B's in the next few months--they're willing to lie like Hell about how they came up with that number.

First question: if the country is going into recession, what's the "need" for 300,000 extra workers?

The H-1B 'backlog' of 300,000 is calculated by taking the difference between the yearly cap on H-1Bs and the number of non-exempt visas that are issued. The numbers are erroneous and here is why -- visas issued is not the same as H-1B petitions approved. Compete America and other H-1B advocates purposefully mislead the public by omitting the number of exempt visas issued, which is a significant error.

According to the table on the Heritage website, in 2003 the numbers were as follows: new visas issued 78,000yearly cap 195,000difference -117,000Those numbers imply that 117,000 less H-1Bs were issued than allowed by the cap, so Compete America argues that those visas should be reissued. Total all of these up since 1992 and you get a 310,100 visa difference. It all sounds compelling,...(The author now cites uscis.gov files)

The stats on the Heritage page are deceptive because they don't include the total number of H-1B petitions approved. In order to take some of the lies out of the statistics, let's correct them to accurately reflect the number of H-1B petitions approved:H-1B petitions 217,340cap 195,000difference +22,340(Source: JobDestruction website/newsletter.)

Look, folks. The CEO of Capital One is cutting back on auto loans and tightening up on credit-card issuances, based on increasingly rotten experience in each of these areas. The Philly Fed shows a new graphic that demonstrates a rapidly-softening economy. Bush and the Dems are working on "giveaway" plans, and the Fed went into panic mode on Tuesday.